Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2014, revenue for this industry is expected to increase to $36.9 billion, up 13.8% from 2013 and representing annualized growth of 16.2% from 2009.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 4.0% in 2014. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,971 traditional Chinese medicine hospitals in China, with 208 beds each on average.... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration measures the extent to which major players dominate an industry. ACMR-IBISWorld estimates that the top four industry participants will hold a combined share of about 3.1% of total industry revenue in 2014. The top eight industry participants are forecast to account for less than 5.0% of total industry revenue for the year.
Geographic distribution of traditional Chinese medicine hospitals is generally consistent with the population distribution, and most patients would choose those at a convenient distance from their home.
With increasing importance attached to traditional Chinese medicine, construction of traditional Chinese medicine hospitals will be further strengthened... purchase to read more